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. >> this morning, dick durbin didn't really want to get into specifics. you aren't hearing a lot of numbers from a lot of people, but did say he was encouraged. take a listen. >> if i sound bland and general at this point, it's exactly to the point he made. when the doors close and we sit down with revenue on one side, entitlements on the other, then we get specific and come up with a bipartisan plan. >> ryan, to susan's point of who is the president talking to, is this something to be hashed out between president obama and john boehner. >> i guess so. because dick durbin himself has been confusing in what he's been saying publicly. on sunday he said sure medicare and medicaid can be part of the discussion. today he's giving a speech where it should not be part of the conversation. there this morning he's saying once we get into a room, we can start talking about it. and there are ways that i think liberals would agree to do medicare and medicaid. you know, if you're tinkering on the supplier side like, you know, say medical device companies or something,
. >> this morning, dick durbin didn't really want to get into specifics. you aren't hearing a lot of numbers from a lot of people, but did say he was encouraged. take a listen. >> if i sound bland and general at this point, it's exactly to the point he made. when the doors close and we sit down with revenue on one side, entitlements on the other, then we get specific and come up with a bipartisan plan. >> ryan, to susan's point of who is the president talking to, is this...
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the president and the democrats, they will not -- dick durbin, harry reid, nancy pelosi, they're saying no to entitlement reform. if we don't get entitlement reform, it's a bad thing. don't you see it that way? >> two things the president is talking i don't see. one is increasing tax rates on individual taxpayers. that's not going to fly. i've never supported a tax increase rate-wise and i'm not going to. secondly, we're not going to discuss revenues until they're willing to put entitlement reform on the table. entitlement reform is tough for republicans, because it's valuable programs we're talking about, but they're sacrosanct for the democrats. you can't have everything you want. it's hunt on th incumbent on tht to come forward and say we'll put entitlements on the table in a big way, and he's not doing that. i was disappointed to hear my colleagues in the senate say yesterday that, well, you know, you give us the revenues, and then we'll talk about entitlement reform later. ain't going to happen. ain't going there. >> sean: some democrats have said the republicans will get the blame
the president and the democrats, they will not -- dick durbin, harry reid, nancy pelosi, they're saying no to entitlement reform. if we don't get entitlement reform, it's a bad thing. don't you see it that way? >> two things the president is talking i don't see. one is increasing tax rates on individual taxpayers. that's not going to fly. i've never supported a tax increase rate-wise and i'm not going to. secondly, we're not going to discuss revenues until they're willing to put...
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durbin was the guy who kept saying, where's the tipping point? when the tipping point comes, inflation kicks in, inflation rates go up. who is the guy that gets diddled the most? the middle class. >> the payroll tax goes up and the tax goes up for everybody including the people that make just barely enough to live on. my concern is the world. i'm sitting there imagining you're in england right now or australia or africa and you're watching the news every day. and you know that in the united states both political parties, you sort of know who they are, both know there's a problem, both know the number they need to reach, both know they have to reach an agreement, and they don't do it. what does it say about our country? we're the great role model for democracy for the republican form of government and we can't govern ourselves in the simplest damn thing of getting the numbers straight. i worry about that. >> they love their party more than they love their country. how did we get to that point? don't ask me, but, you know, the whole business of ref
durbin was the guy who kept saying, where's the tipping point? when the tipping point comes, inflation kicks in, inflation rates go up. who is the guy that gets diddled the most? the middle class. >> the payroll tax goes up and the tax goes up for everybody including the people that make just barely enough to live on. my concern is the world. i'm sitting there imagining you're in england right now or australia or africa and you're watching the news every day. and you know that in the...
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and that's the left of center dick durbin. yesterday, t was taxes, today, there's entitlements, tte impasse continues as we countdown to that deadline. next case, china, clearly the number one world's polluter and criticizes us for not doing enough about climate change, a global carbon tax could be coming, are we going to have to pay? we'll talk to a leading environmentalist after the break and of course, we will have the opening belfour you next. bell for you next. >> all right, just a few seconds away from the opening bell. the futures suggest we're going be to be down nearly 40 points. of we have this fiscal cliff and it's a deadline, the tax increases and more huge spending cuts it seems like the two sides are on impasse it looks likes it's shifted to entitlement reform or cuts and no serious movements in the negotiations and check the big board, the opening trenddis down and we're looking for a 40 point loss when things get moving. i've always said that green mountain coffee, a great day trader's stock, huge volume in the
and that's the left of center dick durbin. yesterday, t was taxes, today, there's entitlements, tte impasse continues as we countdown to that deadline. next case, china, clearly the number one world's polluter and criticizes us for not doing enough about climate change, a global carbon tax could be coming, are we going to have to pay? we'll talk to a leading environmentalist after the break and of course, we will have the opening belfour you next. bell for you next. >> all right, just a...
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we are thrilled to have senator durbin here today to talk about his views on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have one set of conversations before november and a second set now. there was a thread going through the debate that the country was having and that thread was around having a balanced plan to address america's fiscal challenges. there are serious fiscal challenges that we do need long term -- deficit reduction -- that is important to america's credibility. it is important for america's economy and economic growth. that plan has to be balanced, and that means significant revenues and that paying has to go around. that means the wealthy and well-off have to pay their fair share as well. these should not be new issues. they are ones that were
we are thrilled to have senator durbin here today to talk about his views on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have one set of conversations before november and a...
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i pick up the "new york times" and found out you have the liberal democrats like rockefeller, dick durbin and others saying hey, we better not touch entitlements. mr. president, you better watch yourself because we won the election. let's focus on those taxes on the rich. let's deal with entitlement down the line. that scares me. that is unrealistic. it goes against what we heard the president of the united states say. >> dana: when it comes to the math, do the math, they have a good opportunity in front of them. >> we heard senator reid said when asked he couldn't name any of the cut the democrats are willing to offer in the fiscal cliff negotiations. he said, "we need to get credit for cuts previously made." this is today. the cut previously made. i'm scratching my head to figure out what cuts the democrats made prior that they want credit for. if they did make credit cuts why did we run up four more years in a row? start fresh right now. talk about cuts and then talk about how are we going to raise revenues. >> eric: what would -- >> dana: what would harry reid mean by that? get credit
i pick up the "new york times" and found out you have the liberal democrats like rockefeller, dick durbin and others saying hey, we better not touch entitlements. mr. president, you better watch yourself because we won the election. let's focus on those taxes on the rich. let's deal with entitlement down the line. that scares me. that is unrealistic. it goes against what we heard the president of the united states say. >> dana: when it comes to the math, do the math, they have a...
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durbin seems rady to deal, but he seems to be somewhat lopely -- lonely position. reid, his boss, and republicans stumbling around trying to distinguish between raising revenue, tax rates, and how much e federal governnt should spend. does the republican party have a message that anyone can understand here or that resinates? joining us now, senior writer for the weekly standard, and the republican national committee communications direct. great to have you both here. going first to the negotiations, both sides acknowledging they are not making any progress. where are we to look for leadership down there? >> you know, lou, it's a great question. i think the speaker, after the election, came out the next day and said we're willing to talk about adding additiona revenue if the goal here is to try to put more money on the table. there's ways, closing loopholes, growing the economy that we can do that. let's face it. it's a revenue problem. by definition, a deficit exists because you spend too much, and the president who is the leader of the country, you know, claims th
durbin seems rady to deal, but he seems to be somewhat lopely -- lonely position. reid, his boss, and republicans stumbling around trying to distinguish between raising revenue, tax rates, and how much e federal governnt should spend. does the republican party have a message that anyone can understand here or that resinates? joining us now, senior writer for the weekly standard, and the republican national committee communications direct. great to have you both here. going first to the...
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meeting with regional leaders and vie taken the step of joining with several of my colleagues, senators durbin and boessman and others introducing today an amendment to the defense authorization act that would impose sanctions on individuals, leaders and countries that provide material support to m23. watchers, listenering might wonder why this is an important matter. a huge conflict in eastern c no go that took 5 million lives in last decade and it's vital we take strong steps in supporting the u.n. security council resolution that calls for m23 to withdraw from goma and negotiate a path forward that reduces tensions and violence in the critical part of the eastern congo. >> senator, thank you very much. thank you for your attention to a subject that doesn't get enough attention in washington. >>> republican leaders have put revenues on the table but waiting on president obama to give and offer something up on ballooning federal retirement programs like medicare. the author of "tap dancing to work," a collection she's updated and expanded on the best buffett articles fortune published between
meeting with regional leaders and vie taken the step of joining with several of my colleagues, senators durbin and boessman and others introducing today an amendment to the defense authorization act that would impose sanctions on individuals, leaders and countries that provide material support to m23. watchers, listenering might wonder why this is an important matter. a huge conflict in eastern c no go that took 5 million lives in last decade and it's vital we take strong steps in supporting...
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durbin will take heavy pounding. so will the rest. they all go home. the good ones have town meetings and speak for five minutes and stay for two hours and let people showed them. -- show them. i have done that for years. they will say, i did not agree with you at all but you came in and ask questions. i will continue to do that the rest of my days. i always did. did you hear what joe biden said? i said, what did he say. ? they say, he got his foot in his mouth. i say, i have done it more. we have got to be who we are and take the stuff. >> the best part about spending the last two years on the road with this american treasurer is we have gone to see liberal groups, conservative groups, business people, ordinary citizens, every stripe you can imagine, we have had a chance to talk to. we have had a chance to educate a lot of people about what the real problem is. i think you are right. there has been no punishment. i think people are ahead of politicians. that often happens. if they appreciate anything about what al and i have done, it is that we have b
durbin will take heavy pounding. so will the rest. they all go home. the good ones have town meetings and speak for five minutes and stay for two hours and let people showed them. -- show them. i have done that for years. they will say, i did not agree with you at all but you came in and ask questions. i will continue to do that the rest of my days. i always did. did you hear what joe biden said? i said, what did he say. ? they say, he got his foot in his mouth. i say, i have done it more. we...
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you were just talking to senator durbin. what would be really good is if this sort of bland smoke, frankly, senator durbin's a friend of mine. but this bland smoke we're hearing on entitlements from democrats and taxes from republicans, if -- behind closed doors they're able to talk more specifically. i think this is what represents, actually, some kind of progress and i'm starting to feel a bit more hopeful than i was a few weeks ago that maybe we're going to start to get somewhere. >> yeah. maybe. i don't know. >> do we still have senator durbin with us? >> yes, i'm still here. >> i don't think he's run away. >> senator durbin, can you talk about putting medicaid to the side, social security to the side, focusing on medicare. put a dollar figure out. how much savings do you think is a reasonable number that democrats could tolerate? we know that the school of thought on taxes is somewhere between 800 and 1.6. we know that spending cuts will probably be $1.2 trillion or north of that. what number could you live with in spec
you were just talking to senator durbin. what would be really good is if this sort of bland smoke, frankly, senator durbin's a friend of mine. but this bland smoke we're hearing on entitlements from democrats and taxes from republicans, if -- behind closed doors they're able to talk more specifically. i think this is what represents, actually, some kind of progress and i'm starting to feel a bit more hopeful than i was a few weeks ago that maybe we're going to start to get somewhere. >>...
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senators dick durbin and lindsey graham. plus our powerhouse roundtable. matthew dowd, joe klein, ruth marcus, david sanger of "the new york times" and peggy noonan of "the wall street journal." >>> then ben affleck. >> you saw your parents killed? >> with war breaking out in congo, he's here live on what can be done to stop the fighting. >>> and -- >> i'm jonathan karl, i'm going to show you how this clipper will bring bipartisanship to washington. >>> hello, again. you just saw one small step for bipartisanship, is there more to come in washington? congress is back to work this week. top priority, a deal to block those automatic spending cuts and tax increases now set for january 1st, and some smart money is starting to bet that the president and congress will find a way to avoid that fiscal cliff. stocks up this week in anticipation of a deal with the dow clocking five straight of gains. and black friday consumer spending was down as well. now let's bring in t number one senator dick durbin and top republican lindsey graham. senator, welcome in. senator
senators dick durbin and lindsey graham. plus our powerhouse roundtable. matthew dowd, joe klein, ruth marcus, david sanger of "the new york times" and peggy noonan of "the wall street journal." >>> then ben affleck. >> you saw your parents killed? >> with war breaking out in congo, he's here live on what can be done to stop the fighting. >>> and -- >> i'm jonathan karl, i'm going to show you how this clipper will bring bipartisanship to...
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. >> david, there's also hand wringing over what senator dick durbin said in the speech at the center for american progress and we have this, dick durbin, not what he said but didn't say and preparled remarks he said progressives should be willing to talk about ways to ensure the long-term viability of the social security, medicare and medicaid but those conversations should not be a part of a plan to avert the fiscal cliff and prepared remarks. he didn't say that in the speech. you have a lot of republicans on the -- excuse me, democrats on the left greatly concerned about what will happen to medicare and quite honestly not ready to put that conversation on the table. >> well, i think that's correct. you're speaking about a certain percentage of democrats. i would include in that list bernie sander who is sent out an e-mail blast today saying medicare, medicare and social security should all be off the table. now, in reality, i think social security really can be and should be off the table because it's not a contributor to the federal deficit. it's well funded for decades ahead but
. >> david, there's also hand wringing over what senator dick durbin said in the speech at the center for american progress and we have this, dick durbin, not what he said but didn't say and preparled remarks he said progressives should be willing to talk about ways to ensure the long-term viability of the social security, medicare and medicaid but those conversations should not be a part of a plan to avert the fiscal cliff and prepared remarks. he didn't say that in the speech. you have...
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we have a dick durbin sound bite. dick durbin said that. he was in favor of that. >> i can't stand it. we're losing dick durbin sound bite. megyn: time is short. the point dick durbin couldn't sell it. >> dick durbin couldn't sell peanut butter to children. megyn: was raising retirement age one year, 20 or 30 years from now. >> here's the deal. the simpson-bowles commission was only a starter. it wasn't a solution. the reality is this government is too big, growing too fast, trying to do too much for too many. a child, a 12-year-old with a basic understanding in this country that would equate to, a second grade math comprehension could understand this isn't working. and we have people playing such games, such silly games in washington. and do we go over the cliff? right now i would say the odds are very high that we do because these people have no appreciation for their responsibilities. either to themselves, their constituents or to the country. megyn: lou dobbs, always interesting talking to you. thank you so much for being here. >> thank
we have a dick durbin sound bite. dick durbin said that. he was in favor of that. >> i can't stand it. we're losing dick durbin sound bite. megyn: time is short. the point dick durbin couldn't sell it. >> dick durbin couldn't sell peanut butter to children. megyn: was raising retirement age one year, 20 or 30 years from now. >> here's the deal. the simpson-bowles commission was only a starter. it wasn't a solution. the reality is this government is too big, growing too fast,...
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i thought, now, durbin, what are you going to do? i voted for it. it takes some leaders who were willing to sit down and make compromises and listen. in this case apparently the negotiations directly between the white house and speaker boehner, and rob neighbors in the white house, there is no better person for the president to assign to this job. i just think the world of him. i have known him for years and have the highest respect for him. i hope that speaker boehner will just agree to one basic principle and i think we can get this done. that the solution on the house side is going to be a bipartisan solution. it has to be bipartisan in the senate. but if this is going to be an exclusive, republican solution on the house side, i'm afraid we are going to reach the same impasse we have in the past. if he will make a commitment to a bipartisan solution in the house, i think we can get this done. >> questions from the press. gentleman over here. >> norm levy with the "los angeles times." you mentioned that medicaid is a special case. does that mean t
i thought, now, durbin, what are you going to do? i voted for it. it takes some leaders who were willing to sit down and make compromises and listen. in this case apparently the negotiations directly between the white house and speaker boehner, and rob neighbors in the white house, there is no better person for the president to assign to this job. i just think the world of him. i have known him for years and have the highest respect for him. i hope that speaker boehner will just agree to one...
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and durbin yesterday, senator durbin, yesterday said we're not going to raise the retirement age for medicare. i don't know. so willie, can i ask you something? because we're talking about health care. >> anything. >> and the democrats, they're going, this is the greatest thing ever, and they're crying, this historic cause. >> it's pretty great. >> it happened at my house. you remember right after health care passed and all the republicans on the floor and said, freedom died tonight. >> i remember shortly after it passed, your son signed up for it. go ahead. sorry. willie, continue. >> can i make my point? >> yes, yes, you can. >> so they all went to the house floor and said, freedom died. >> was that before or after joey signed up for it? yes. >> i got nothing else to say. >> okay. >> go ahead. >> oh, was i interrupting? >> 18 times. >> oh, i'm so sorry. >> so senator john mccain softening his attacks on susan rice after vowing to block the potential nomination as secretary of state. republicans claim ambassador rice deliberately misled the country in the aftermath of the september
and durbin yesterday, senator durbin, yesterday said we're not going to raise the retirement age for medicare. i don't know. so willie, can i ask you something? because we're talking about health care. >> anything. >> and the democrats, they're going, this is the greatest thing ever, and they're crying, this historic cause. >> it's pretty great. >> it happened at my house. you remember right after health care passed and all the republicans on the floor and said, freedom...
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>> harry reid and dick durbin said forget it. social security is not a part of this conversation. and yet the president has shown a willingness to do that. what happens if he publicly -- and republicans right now, their frustration is that the president will say that behind the scenes but he won't public ly talk about it as much as they want him to talk about it publicly. what happens politically on the left? >> i think there's some people on the left who would not appreciate having social security and medicare as part of this, as part of this discussion. if we're in the talking phase, it doesn't hurt to talk about things that each side should put on the table. brad is right that the republicans have come a little bit with taxes. >> the discussion is not about should taxes go up. the discussion is how do you do it? >> exactly. and, listen, i think that to the extent we are just talking right now, i don't think that talking hurts. but should this become -- should this come in play, little there will be a lot of people on the left who will not be very happy. i think in some ways it
>> harry reid and dick durbin said forget it. social security is not a part of this conversation. and yet the president has shown a willingness to do that. what happens if he publicly -- and republicans right now, their frustration is that the president will say that behind the scenes but he won't public ly talk about it as much as they want him to talk about it publicly. what happens politically on the left? >> i think there's some people on the left who would not appreciate having...
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as dick durbin pointed out recently when lyndon johnson was majority leader of the senate democratic majority leader of the senate. for six years, there was one filibuster. one filibuster. the last six years under republican leadership, there have been 380 filibusters in the senate. they filibuster everything including -- one of the most outrageous examples, republicans in the senate filibustered the james -- september 11th health and compensation act which would have provided healthcare for the heroes the first responders of september 11th. republicans filibustered that and prevented it from coming to a vote in the senate. so it doesn't matter good or bad if the democrat was for it, republicans filibustered it. and they did so by -- it was sort of like a -- a virtual filibuster. it is no longer the day when they bring in the cots and they make them actually speak. they just threaten to filibuster and that's all they have to do and it is just as effective and -- effectively blocks a measure at all. from again even being considered for a vote. so for a long time and we've talked about
as dick durbin pointed out recently when lyndon johnson was majority leader of the senate democratic majority leader of the senate. for six years, there was one filibuster. one filibuster. the last six years under republican leadership, there have been 380 filibusters in the senate. they filibuster everything including -- one of the most outrageous examples, republicans in the senate filibustered the james -- september 11th health and compensation act which would have provided healthcare for...
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same thing yesterday with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he said? considering that he said nothing, yeah, i guess so but it was the tone then yesterday dick durbin came on and we had to basically stop asking about medicare about three or four minutes in because it was nonsensical talking about creating new programs. but this is a guy that also supporting simpson bowles and let us know like eric, we'll make a deal and figure it out. >> both sides at various times tells you something about recent history. you think about where republicans were a year and a half ago, where their attitude was, no, we will not discuss revenues, not one penny, ever, ever, ever so for cantor t
same thing yesterday with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he...
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said, to sit down and negotiate. >> those were senators dick durbin on "morning joe" and jeanne shaheen on chris jansing discussing entitlement programs. richard and joy, how much leverage does president obama have with the left in terms of making a deal with republicans on medicaid, medicare, social security? >> none. he never does. are you kidding? the left will be disappointed like the day after inauguration day. at the end of the day -- it's kind of a subversive thought but we just had wealthy seniors, seniors in general, vote to get rid of medicare, right? they voted to get rid of medicare as long as no one touched them. if there's some changes that need to be made to the medicare ben fits of wealthy seniors i don't think democrats should make that the hill they die on. that's me. i think democrats are still going to want entitlement programs held harmless. that is true for medicaid and social security. there are things you can theoretically do in terms of raising the cap on how much income is taxed for medicare. things that wouldn't hurt poor seniors. >> richard, i've been citing
said, to sit down and negotiate. >> those were senators dick durbin on "morning joe" and jeanne shaheen on chris jansing discussing entitlement programs. richard and joy, how much leverage does president obama have with the left in terms of making a deal with republicans on medicaid, medicare, social security? >> none. he never does. are you kidding? the left will be disappointed like the day after inauguration day. at the end of the day -- it's kind of a subversive...
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host: senator dick durbin speaking yesterday on abc. we have been talking about republicans signaling flexibility on their anti-tax pledge. it's part of negotiations going on right now over the fiscal cliff. tonight on c-span, we will go back to our archives to show you some of the august 2011 debate and news conferences from the u.s. house and senate and the white house as congress considered and passed the budget control act. that is the law that created sequestration, which is the automatic spending cuts split between defense and non-defense spending. it's all part of what is being debated right now in the house and senate and white house. the sequester is set to take effect on january 1 along with some expiring tax provisions, part of what folks are calling the fiscal cliff. that's tonight on c-span at 8:00, looking back on what started this debate and how congress is dealing with it now. thanks for all your calls. coming up, the future of the republican party,. with matt, later we will talk with dan glickman on whether congress can
host: senator dick durbin speaking yesterday on abc. we have been talking about republicans signaling flexibility on their anti-tax pledge. it's part of negotiations going on right now over the fiscal cliff. tonight on c-span, we will go back to our archives to show you some of the august 2011 debate and news conferences from the u.s. house and senate and the white house as congress considered and passed the budget control act. that is the law that created sequestration, which is the automatic...
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i would agree with senator durbin absolutely. i'll give you a reform in medicare i think democrats would support. and that is looking at prescription drugs. and making it more competitive. >> bill: amen. >> or really crackening down on the fraud that takes place through the medical devices which is not with individuals cheating medicare. they're fictitious businesses set up that rob medicare of billions of dollars every year. so it's not as though changes to entitlement programs are completely off the table. it is the structural breaking of the guarantee that should be off the table. >> bill: isn't it interesting when president obama did identify $716 billion in fraudulent billing on the part of insurance companies and cut that out that they accused him of cutting benefits in medicare. >> well because what benefits were they concerned about. the benefits to big businesses. >> bill: exactly. congresswoman karen bass in studio with us. we'll welcome your calls and comments at 1-866-55-press. the "full court press" continues in just
i would agree with senator durbin absolutely. i'll give you a reform in medicare i think democrats would support. and that is looking at prescription drugs. and making it more competitive. >> bill: amen. >> or really crackening down on the fraud that takes place through the medical devices which is not with individuals cheating medicare. they're fictitious businesses set up that rob medicare of billions of dollars every year. so it's not as though changes to entitlement programs are...
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. >> but durbin, where did he come from? >> that's what i mean. >> i'm trying to figure out -- trying to see his personal situation. where did he find religion all of a sudden? he's an obama ally and suddenly he's talking -- are you looking at all these things very specifically? looking at the fix and option action. you can tell from the market. >> the most aggravating thing is that we're sitting here talking about the government and what the market is going to do as a function of what the government does. if you look at the volatility markets, i think it's incredibly interesting. the market is being very rational. the vix is really a function of liquidity. liquidity in the system is incredibly stable. the markets are -- that will significantly drive higher levels, if you look at ted spreads and where bank funding is. that's the real significant spikes index, so you need to be careful to hedge your portfolios right now. but right now, the markets, the s&p markets are really pricing in a very range bound market through januar
. >> but durbin, where did he come from? >> that's what i mean. >> i'm trying to figure out -- trying to see his personal situation. where did he find religion all of a sudden? he's an obama ally and suddenly he's talking -- are you looking at all these things very specifically? looking at the fix and option action. you can tell from the market. >> the most aggravating thing is that we're sitting here talking about the government and what the market is going to do as a...
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durbin making it clear he's -- there's a lot of different ways to get there. would you consider that? ways to raise money from the wealthy without raising rates? >> there are ways to get there. but i think a lot of this goes back to where you start the whole discussion from. you know, those of us who have worked on this for a long time, the simpson/bowles plan, which has gained a lot of attention, even our gang of six efforts, which we think improved upon the plan. we started with the rates going back up, you use that baseline and then you work down. you can then use some of these tax reform ideas to bring the rates back down, but you basically, we need, you know, on a ten year basis, more than $1 trillion of net new revenue as we think about some of the additional cuts we're going to have to make and some of the reforms to the entitlement programs. i agree with the president, let's go ahead and bring the rates back up, but then like simpson/bowles, we can use a tax reform effort, whether it is capping tax expenditures or actually going through in a more thoro
durbin making it clear he's -- there's a lot of different ways to get there. would you consider that? ways to raise money from the wealthy without raising rates? >> there are ways to get there. but i think a lot of this goes back to where you start the whole discussion from. you know, those of us who have worked on this for a long time, the simpson/bowles plan, which has gained a lot of attention, even our gang of six efforts, which we think improved upon the plan. we started with the...
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zachary, senator durbin says he could see $400 billion in entitlement cuts. democratic aides telling politico most of it is going to come from medicare in part by raising the retirement age. a move that more than two-thirds of americans oppose. that's according to the latest "washington post" poll. this is something that democrats are going to have a hard time signing off on. >> remember, the deal that was at least we know tentatively struck in the summer of 2011 was a much more extensive one in terms of entitlement cuts. i think it was up to $2 trillion. that was going to be really difficult for the democrats then. now you're talking $400 billion over ten years. $40 billion a year. these things have to happen. the question is will they happen in the next two weeks. this is where the republicans simply are in a weak position. if we go to january 1st and the dynamic is everything is going up because the republicans will not agree to taxes on the rich, i cannot see how that is a politically winning hand or an economically winning hand. >> we don't know all the
zachary, senator durbin says he could see $400 billion in entitlement cuts. democratic aides telling politico most of it is going to come from medicare in part by raising the retirement age. a move that more than two-thirds of americans oppose. that's according to the latest "washington post" poll. this is something that democrats are going to have a hard time signing off on. >> remember, the deal that was at least we know tentatively struck in the summer of 2011 was a much more...
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durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing their negotiating position. there's still a negotiation to come in some way. i'll take the optimistic view. >> maybe that's where they are starting from. >> a reset button? >> we have yet to get in there and see whether in fact there can be the ability to knock heads around and really figure something out here from the executive, the chief executive, that being the president and the leaders of both sides whether it be boehner and whether he can control his side of things and/or reid in the senate and whether we see moderates step up to try to get something done. i'm not willing to say as you seem to be that w
durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing...
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remember dick durbin on your show earlier in the week put that $400 billion marker down. democrats privately tell us they'll go higher, perhaps much higher if republicans get serious on raising taxes. they'll cut spending by about $1.2 trillion, which is the total of sequestration. and they'll probably have to throw in a debt limit increase to avoid hitting that in february. people involved in the talks feel like they can get there. there's no doubt it's going to take some time, boehner has to get republicans more comfortable with raising taxes including raising rates. i don't think there's a scenario where the rates don't go up on people making over $250,000. and democrats have to get more comfortable with entitlement changes. but at the end of the day, obama can deliver democrats. and i think boehner's stronger today than he was three months ago, and he could deliver more republicans than he could of them. >> on that question of taxing the wealthy, you alluded to it in a comprehensive piece that you and mike allen wrote, everybody ought to read it at "politico" today. y
remember dick durbin on your show earlier in the week put that $400 billion marker down. democrats privately tell us they'll go higher, perhaps much higher if republicans get serious on raising taxes. they'll cut spending by about $1.2 trillion, which is the total of sequestration. and they'll probably have to throw in a debt limit increase to avoid hitting that in february. people involved in the talks feel like they can get there. there's no doubt it's going to take some time, boehner has to...
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also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of thrived after about eight months' journey by ship, state ge coach into a mining town. he boarded himself in a log cabin. he established a law practice. he worked his way up. he became a successful lawyer and got involved politically. he ran for congress and served eight terms. he befriended abraham lincoln from illinois and ulysses s. grant. as they were on the rise, washbourne was a close confidant during the civil war. after grant was elected president, he appointed washbourne secretary of state. washbourne became ill. his family feared for his lif
also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of...
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we'll see whether durbin and others on the hill go along with what jay carney is saying. we'll see if that improves the possibility of a deal. megyn: we have 33 democratic lawmakers saying we are not touching social security now or for the future. this jackhammer is really rude. >> reporter: the cuts are being made as we speak. it's hard to cut the government. megyn: alert frank, the two guys features in your first report. someone else came to the white house hat must have been an extraordinary moment. mitt romney and obama get together. for me it's awkward that they had the meeting at the white house. was that mean? shouldn't they have don't at a tgif. neutral ground? not to rub his nose in the place that he wanted to live. >> reporter: given romney's finances, -- he came here, he left without talking to reporters. we are digging for details on how it went. the white house insists they were trying to be open and courteous to mitt romney. show the peaceful transfer -- there is no violence. the race was hard fought. mr. obama won, in romney moves on and mr. romney also sat
we'll see whether durbin and others on the hill go along with what jay carney is saying. we'll see if that improves the possibility of a deal. megyn: we have 33 democratic lawmakers saying we are not touching social security now or for the future. this jackhammer is really rude. >> reporter: the cuts are being made as we speak. it's hard to cut the government. megyn: alert frank, the two guys features in your first report. someone else came to the white house hat must have been an...
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here's what senator dick durbin said yesterday on "starting point." >> entitlements need to be part of the long-term strategy but do it in a thoughtful way. i don't want to see major changes decided in the heat of the moment. let's get through the fiscal cliff, find a way to avert it. but at the end of the day treat it as the important program it is for so many millions of americans. >> eric, if we get a deal, how much kicking of the can down the road do you think that deal will inclu include? >> i think it will include significant kicking the can down the road which is why they should kick the entire deal down the road and deal with it together. we know it won't from happen history. we have had 18 of these since 1981. more than half of the time they said they needed a deal with medicaid, medicare, social security. now we have the affordable care act as well. they never want to deal with it. meantime the debt is $16 trillion. >> thanks for joining us this morning. we appreciate it. >>> 33 days until the fiscal cliff. we just keep talking about this. while politicians try to sell their
here's what senator dick durbin said yesterday on "starting point." >> entitlements need to be part of the long-term strategy but do it in a thoughtful way. i don't want to see major changes decided in the heat of the moment. let's get through the fiscal cliff, find a way to avert it. but at the end of the day treat it as the important program it is for so many millions of americans. >> eric, if we get a deal, how much kicking of the can down the road do you think that...
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we have leading senators like senator durbin who has the courage to deal with these issues. he was on the simpson-bowles committee who said that we can't deal with those now in the dealing with the fiscal cliff, we need to put that off into the future. my experience is what you put off to the future never happen here. >> i hope we can get a deal. >>> me too. >>> great to see both of you. john let me start with you. cornyn is pessimistic, but the markets are up today, despite the glum faces we have seen. cornyn has said he's pessimistic, is he willing realistic or do you think we're going to get a deal? >> i think he's being a strategic scrooge. he's saying we need a balanced plan, but the president's not dealing with entitlealment reform and cuts. to give a balanced plan, republicans have to cut taxes. >> he said i put revenue on the table. but he wouldn't talk about the rates. >> also when asked about these specific entitlement reforms, he didn't talk about those either. we need to see some substance behind that. >> did you hear level ground where that can be forged? i don'
we have leading senators like senator durbin who has the courage to deal with these issues. he was on the simpson-bowles committee who said that we can't deal with those now in the dealing with the fiscal cliff, we need to put that off into the future. my experience is what you put off to the future never happen here. >> i hope we can get a deal. >>> me too. >>> great to see both of you. john let me start with you. cornyn is pessimistic, but the markets are up today,...
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senator durbin said that social security does not add one penny to the deficit and should be left alone. and republicans say they will not accept higher rates for the healthy. current trends smoe taxes for the rich are actually drops that is thanks to the bush tax cuts that lowered the rate on investment income, and the fact that wealthy americans are making more money from their investments than ever before. according to new data, from the irs, a tax rate for those making more than $100,000 a year and for those making more than $10 million a year their tax rate was lower. capital gains rates are the biggest driver of income in america. more bill press after the break. stay with us. created ad message for little caesars who proudly salutes unites states veterans everywhere. >> hi, i'm rick loz. i joined the united states air force in 1987. you're about to watch a viewer created ad message for little caesars who proudly salutes unites states veterans >> hi, i'm rick loz. i joined the united states air force in 1987. as i was leaving the service i went into a civilian career for a little
senator durbin said that social security does not add one penny to the deficit and should be left alone. and republicans say they will not accept higher rates for the healthy. current trends smoe taxes for the rich are actually drops that is thanks to the bush tax cuts that lowered the rate on investment income, and the fact that wealthy americans are making more money from their investments than ever before. according to new data, from the irs, a tax rate for those making more than $100,000 a...
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you and people like dick durbin, i have tremendous respect for you to stick your neck out and say something a lot of politicians won't do. it isn't perfect, but it's where we have to go. thank you so much for coming on. senator tom coburn, who, again, my kids seem to love for some reason. thank you very much for coming on, and joe klein of "time" magazine. >>> up next, can president obama turn his voters into fighters? this will be fascinating. i found out how great the ground game was in florida. can he put this ground game to work to fight the fiscal cliff? the "hardball" story on that one is coming up right now, the place for politics. ts and hasbro trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. >>> "the new york times" has just listed "jack kennedy: elusive hero," my book, on the best-seller list. it's a big honor for the paperback edition. it's a great book of american heroism, the story of jack kennedy, who he was when he lived, who led us, and, of course, who
you and people like dick durbin, i have tremendous respect for you to stick your neck out and say something a lot of politicians won't do. it isn't perfect, but it's where we have to go. thank you so much for coming on. senator tom coburn, who, again, my kids seem to love for some reason. thank you very much for coming on, and joe klein of "time" magazine. >>> up next, can president obama turn his voters into fighters? this will be fascinating. i found out how great the...
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you and people like dick durbin, i have tremendous respect for you to stick your neck out and say something a lot of politicians won't do. it isn't perfect but it's where we have to go. thank you so much for coming on. senator tom coburn, who again my kids seem to love for some reason. thank you very much for coming on, and joe klein of "time" magazine. >>> up next, can president obama turn his voters into fighters? this will be fascinating. i found out how great the ground game was in florida. can he put this ground game to work to fight the fiscal cliff? the "hardball" story on that one is coming up right now, the place for politics. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. >>> the noshlts has just listed jack kennedy elusive hero moon the best-seller list. it's a big honor for the paperbook edition. i
you and people like dick durbin, i have tremendous respect for you to stick your neck out and say something a lot of politicians won't do. it isn't perfect but it's where we have to go. thank you so much for coming on. senator tom coburn, who again my kids seem to love for some reason. thank you very much for coming on, and joe klein of "time" magazine. >>> up next, can president obama turn his voters into fighters? this will be fascinating. i found out how great the ground...
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a day after dick durbin number two democrat said we shouldn't talk about entitlements in the fiscal cliff deal. i'm hearing from senate leadership aides who are saying it's the republicans' job to put entitlements on the table. we don't want to negotiate with ourselves. we don't want to put both tax increases and entitlement cuts on the table. it's up to republicans and we'll come back with a counter. you can't force us to put an opening bid on entitlement cuts when we don't want any to begin with. and that's the movement. so i think even in public there's starting to be a little bit of moving and i think there is the ability for folks to get there. >> we do know pretty clearly i think that the white house thinks they have the upper hand. here is the president from his event yesterday. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. >> so he's got his outreach to middle class americans. we saw him meeting with business lea
a day after dick durbin number two democrat said we shouldn't talk about entitlements in the fiscal cliff deal. i'm hearing from senate leadership aides who are saying it's the republicans' job to put entitlements on the table. we don't want to negotiate with ourselves. we don't want to put both tax increases and entitlement cuts on the table. it's up to republicans and we'll come back with a counter. you can't force us to put an opening bid on entitlement cuts when we don't want any to begin...
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here is democratic senator dick durbin today speaking about the possibility of a deal on the fiscal cliff. take a listen. >> pick up any of the hill newspapers and look for the full-page ads. basically saying to the left, keep your hands off the entitlements and to the right, keep your hands off of taxes. well, if both sides heed those warnings, nothing will happen. >> congressman, he's right, isn't he? >> of course he's right. and, you know, we have this new book about thomas jefferson and this new movie about abraham lincoln and that great robert carroll book about lyndon johnson. these were people whose greatness came from understanding that the art -- that compromise is the art of politics. that sometimes you have to get your hands dirty. you have to take things into your own hands in terms of negotiating, making deals, compromising things that you know have to be done for the greater good. the greater good is to put this country onto a path of stable financial security. this can be done, but we have to be willing to negotiate, to compromise, and to put aside the people like grover no
here is democratic senator dick durbin today speaking about the possibility of a deal on the fiscal cliff. take a listen. >> pick up any of the hill newspapers and look for the full-page ads. basically saying to the left, keep your hands off the entitlements and to the right, keep your hands off of taxes. well, if both sides heed those warnings, nothing will happen. >> congressman, he's right, isn't he? >> of course he's right. and, you know, we have this new book about thomas...
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senator dick durbin a member of the boles-simpson commission and the so-called gang of eight lag out the progressive case for a bipartisan fiscal cliff deal. we'll bring you headlines as they happen. when we come back, men have a rep utation for hagting to shop. we'll tell you why they say men are the new women. back here after a break. suffer n 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. prevent acid all day and all night for 24 hours if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's
senator dick durbin a member of the boles-simpson commission and the so-called gang of eight lag out the progressive case for a bipartisan fiscal cliff deal. we'll bring you headlines as they happen. when we come back, men have a rep utation for hagting to shop. we'll tell you why they say men are the new women. back here after a break. suffer n 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works...
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you have senator durbin talking about hang-ups in the united states. you have the vote over in barcelona. there's a lot of self-inflicted political wounds the market is trying to price in. volatility will be a function of this political instability for at least a handful of weeks going into the first quarter of 2013. >> what was last week about? 400 points. great day on friday albeit shortened session, light volume. was that real? was it fake? what was your impression? >> a mismatch between fundame fundamenta fundamentals. you saw economic news out of the united states. corporate news wasn't bad. you saw news out of china which was improving. global growth story is okay. it's far from great. it's okay. you have europe in recession. germany continues to chug along at an okay level. on a mixed data environment when you get excesses of pricing, you get bouncebacks as well. >> given uncertainty over tax, would you be as inclined to be aggressive in what is a good month or preserve gains for the year? >> it depends on what they are trying to accomplish. dep
you have senator durbin talking about hang-ups in the united states. you have the vote over in barcelona. there's a lot of self-inflicted political wounds the market is trying to price in. volatility will be a function of this political instability for at least a handful of weeks going into the first quarter of 2013. >> what was last week about? 400 points. great day on friday albeit shortened session, light volume. was that real? was it fake? what was your impression? >> a mismatch...
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>> well, i think you have people, thoughtful members like my old bass, senator dick durbin, saying that everything is on the table but without being specific about it, because they'll do that behind closed doors as they should, frankly. so, yes, i think the left has a tacit sort of acknowledgment that, yes, in fact, there are going to be some painful things that we have to swallow on the left-hand side of the aisle. we should. if the right's going to separate increases, we should accept certain things like testing, et cetera, because at the end of the day this is about compromise. this is also very much, thomas, about the president's ability to show leadership. you hear the republicans harp on and on about obama not showing leadership. they did it before the campaign, during the campaign, and now they're saying, mr. president, we need you to show some leadership. accept tax rate increases without forcing his own party to accept other things on our side. both sides have to share the pain to get the budget balanced and promote this theory of economic fairness. that's what he's doing out t
>> well, i think you have people, thoughtful members like my old bass, senator dick durbin, saying that everything is on the table but without being specific about it, because they'll do that behind closed doors as they should, frankly. so, yes, i think the left has a tacit sort of acknowledgment that, yes, in fact, there are going to be some painful things that we have to swallow on the left-hand side of the aisle. we should. if the right's going to separate increases, we should accept...
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he actually had to walk out of the negotiations because when he sat there with dick durbin -- he said, grover, i am not really for tax increases. i and just putting tax increases on the table here and durbin is giving me all of these spending cuts and i have not agreed to anything. i just talk about tax increases. i said -- senator, do you think it is possible durbin goes back to the democratic caucus and says i am putting these imaginary spending cuts on the table -- and he is giving me the tax increases. tom coburn from oklahoma said he would never be that dishonest. senator, i think he is and i think you are not. and i think he takes you seriously and i think you should not take him seriously. but again, they spend more than a year putting a the simpson- bowles commission, which, if you have seen a, a slide presentation, an outline, it is in haiku, the only numbers and the page numbers. it is a series of interesting things. there are specific about the tax burden going up by -- $5 trillion in tax increases. as ryan reads this as a trillion dollars in tax increases from eliminating
he actually had to walk out of the negotiations because when he sat there with dick durbin -- he said, grover, i am not really for tax increases. i and just putting tax increases on the table here and durbin is giving me all of these spending cuts and i have not agreed to anything. i just talk about tax increases. i said -- senator, do you think it is possible durbin goes back to the democratic caucus and says i am putting these imaginary spending cuts on the table -- and he is giving me the...
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. >> stephanie: senator durbin said this yesterday. >> we're not going to find ourselves in some big party and then turn around and have a doomsday scenario as a debt ceiling. >> stephanie: are we or are they going to do some temporary fix and kick the can down the road? >> caller: well, i hope the debt ceiling is a part of it. the spending cuts, the across the board cuts, the so-called sequester, i think that will get kicked down the road. right now we can't afford to have significant reduction that will impede the economy. i think we need to take a little bit more careful approach to those kinds of cuts if we're going to talk about 1 trillion-dollar over ten years. so i suspect that can will get kicked down the road, but the tax rates really should be dealt with right now. they're easy to deal with. the debt ceiling should really be, that's one of those other things we can create a crisis unnecessarily. this country is not going to basically deny it's debt. >> stephanie: right. >> caller: so anyway, i think we can do it. i think saner heads might prevail. i just left a meeting with
. >> stephanie: senator durbin said this yesterday. >> we're not going to find ourselves in some big party and then turn around and have a doomsday scenario as a debt ceiling. >> stephanie: are we or are they going to do some temporary fix and kick the can down the road? >> caller: well, i hope the debt ceiling is a part of it. the spending cuts, the across the board cuts, the so-called sequester, i think that will get kicked down the road. right now we can't afford to...